Okla. Admin. Code § 710:50-13-3

Current through Vol. 42, No. 7, December 16, 2024

Section 710:50-13-3 - Who must make payments of estimated tax; due dates

(a) Payment of estimated income tax must be made by the following:

(1) A single individual whose tax liability for the year is estimated to be $500.00 or more in excess of taxes withheld from wages.

(2) Married individuals whose combined tax liability for the year is estimated to be $500.00 or more in excess of taxes withheld from wages.

(3) A corporation or trust whose tax liability for the year is estimated to be $500.00 or more.

(b) Initial payments of estimated tax should be made by:

(1) Calendar-year taxpayers, no later than April 15th.

(2) Fiscal-year taxpayers, by the fifteenth day of the fourth month following the beginning of the taxable year. [See: 68 O.S. § 2385.7]

Okla. Admin. Code § 710:50-13-3

Amended at 15 Ok Reg 2811, eff 6-25-98; Amended at 18 Ok Reg 2810, eff 6-25-01

Amended by Oklahoma Register, Volume 40, Issue 22, August 1, 2023, eff. 8/11/2023